Port of LA tariff study sends our stern warnings about impact of trade war
Port of LA tariff study sends out stern warnings about the impact of trade war
November 12, 2019– DailyBreeze.com
A study commissioned by the Port of Los Angeles has some dire warnings amid the nation’s trade war with China. The report — “By the Numbers: Jeopardizing the National Benefits of Trade Through America’s Busiest Port Complex” — was released on Tuesday, Nov. 12, and concluded that the tariffs now in place on shipments threaten nearly 1.5 million U.S. jobs and more than $186 billion of economic activity nationwide. An independent economic consulting firm called BST Associates conducted the study for the port, which announced the findings during a news conference at the National Retail Federation, in Washington, D.C.